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1656 Victoria AVE Lakewood, OH 44107
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Key Details
Sold Price $353,000
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Madison Heights
MLS Listing ID 5040817
Bedrooms 4
Full Baths 2
Year Built 1924
Annual Tax Amount $4,453
Tax Year 2023
Lot Size 5,000 Sqft
Property Description
Introducing a fantastic investment opportunity in the heart of Lakewood, Ohio! This fully rented duplex is a rare gem, generating $2800 monthly with both units currently rented at $1400 each. The upper unit boasts potential for significant value addition, featuring a third floor that can be transformed into one or even two extra bedrooms, maximizing rental income. Both units are beautifully updated, offering modern comforts while retaining classic charm. Hardwood floors flow throughout, and the second unit benefits from a newly renovated bathroom. Each unit enjoys a spacious front porch, with the second unit's porch enclosed, making it a cozy retreat during the winter months. Situated in an ideal spot in Lakewood, this property is within walking distance to a variety of restaurants, trendy coffee shops, and other local amenities, providing a vibrant and convenient lifestyle for tenants. The neighborhood is highly walkable, enhancing its appeal for renters. Proximity to major highways ensures easy commutes, while the nearby Lake Erie/Edgewater area and downtown Cleveland offer abundant recreational and entertainment options. This property has been meticulously maintained by a conscientious owner, evident in every detail. With nothing else like it on the market, this duplex represents a fantastic deal that won't last long. Don't miss out on this exceptional investment opportunity in a sought-after location!
Location
State OH
County Cuyahoga
Interior
Heating Gas
Cooling None
Exterior
Garage Paved
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
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Bought with Nicholas Rokakis • Russell Real Estate Services